If marginal cost is below average total cost, then average total cost:
A) is falling
B) is rising
C) is constant
D) may rise or fall depending on the size of fixed costs
Correct Answer:
Verified
Q106: The average total cost curve is increasing
Q107: Diminishing marginal product suggests that the marginal:
A)product
Q111: Graph 13-3 Q112: Marginal cost equals: Q113: Diminishing marginal product causes the average variable Q114: The efficient scale of the firm is Q115: At low output levels a firm's average Q116: The marginal cost curve intersects the minimum Q117: Marginal cost tells us the: Q118: When marginal cost exceeds average total cost
A)total cost divided by total
A)amount total cost
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